The General Authority for the Suez Canal Economic Zone (SCZONE) signed a $2 million (EGP 104 million) agreement with the Turkish-Egyptian alliance SAI HYDRAULIC to establish a trailer manufacturing project in the Ain Sokhna Integrated Industrial Zone.

Egypt is in talks with French multinational rail transport systems manufacturer Alstom to localize railway manufacturing and establish a factory for train components, as part of efforts to position the country as a regional export hub.

The Egyptian cabinet approved a request by the Ministry of Transport to contract between the Egyptian National Railways Authority (NAT) and Italian firm Arsenale for the provision, management, and operation of a luxury tourist train that will be supplied and fully funded by the Italian firm.

The Arab Organization for Industrialization (AOI) has signed a cooperation protocol with the National Egyptian Railway Industries Company (NERIC) to produce advanced railway and metro train products under the "Made in Egypt" slogan.

The National Authority for Tunnels (NAT) is set to receive the first 10 trains from the German company Siemens by late December.

A consortium of Siemens Mobility and Hassan Allam Construction has been awarded the design, construction, and integration of the Abu Dhabi – Sohar Railway Systems contract by Oman – Etihad Rail, a joint venture co-owned by the UAE and Oman.

The Egyptian National Railways (ENR) is seeking to borrow EGP 18 billion from a consortium of local banks to finance two railway projects planned to be launched by the second half (H2) of 2024.